FBR unearths Rs18 billion of tax evasion
(WorldNews Pakistan)

KARACHI: The Federal Board of Revenue (FBR) has unearthed sales tax evasion of around Rs18 billion by a corporate taxpayer for the last five years, it emerged on Monday. The Large Taxpayers Unit (LTU) Karachi discovered the evasion by the taxpayer, who was engaged in dodging the tax authorities in its declaration of sales and purchases. The LTU Karachi, the major revenue collecting arm of the FBR, has jurisdictions over big volumes companies. Sources in LTU Karachi said the tax evasion was discovered after detailed scrutiny of monthly sales tax returns filed by the taxpayer between 2015 and 2019. However, they didn’t mention the company’s name. LTU said the discovery was made...